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In this tutorial, Thomas Suit discusses the importance of a Statement of Work (SOW) in project management, particularly in the context of PMBOK or PMI. The SOW is a document that outlines the terms and objectives of a project or service contract, including the scope of work, deliverables, timelines, and other expectations. It serves as a defining document between the customer and vendor, specifying what needs to be done. The SOW essentially defines the scope of work required to meet project objectives.